IR-2019-188, November 22, 2019 WASHINGTON — The Internal Revenue Service recently awarded more than $9.8 million in Tax Counseling for the Elderly (TCE) grants to organizations that provide free federal tax return preparation. This year, the IRS awarded grants to 27 TCE applicants from across the nation (PDF). The TCE grants cover one year. The IRS received […]
Monthly Archives: November 2019
Final regulations confirm: Making large gifts now won’t harm estates after 2025
IR-2019-189, November 22, 2019 WASHINGTON — The Treasury Department and the Internal Revenue Service today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 […]
Treasury Designates Iran’s Minister of Information and Communications Technology in View of the Regime’s Repressive Internet Censorship
Mohammad Javad Azari Jahromi is a key player in the regime’s censorship and surveillance campaign, which intensified in the wake of anti-regime protests WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against Mohammad Javad Azari Jahromi, Iran’s Minister of Information and Communications Technology, pursuant to Executive […]
Banker Teleconference Series: Understanding the Requirements of the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule (TRID Rule)
FIL-73-2019 November 22, 2019 Banker Teleconference Series: Understanding the Requirements of the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure Rule (TRID Rule) Printable Format: FIL-73-2019 – PDF (PDF Help) Summary: The FDIC offers a series of events for bankers, including teleconferences and webinars, to maintain open lines of communication and […]
FTC’s Maribeth Petrizzi Earns Presidential Rank Award
The Federal Trade Commission announced that Maribeth Petrizzi, Assistant Director for Compliance in the Bureau of Competition and a former Section Chief at the Department of Justice Antitrust Division, has received the Fiscal Year 2019 Presidential Rank Award. “Maribeth has been instrumental in the federal government’s work to foster a competitive U.S. economy through enforcement […]
Keynote Address by Deputy Secretary Muzinich TCH + BPI 2019 Annual Conference
November 21, 2019 8:00AM New York, NY Good morning. Thank you Greg for the introduction, and for putting together this event. It’s great to be here, and I’m looking forward to discussing some of Treasury’s priorities. I would like to break my remarks today into three parts, all of which are relevant to financial […]
FTC Sending Refund Checks Totaling Over $1.8 Million to Consumers Defrauded by “Risk-Free” Trial Offers for Skin Care Products
The Federal Trade Commission is mailing 79,771 refund checks totaling over $1.8 million to consumers who signed up for “risk-free” trial offers for skin care products, but were enrolled in negative option programs with recurring monthly charges. The agency’s complaint, filed in June 2015, charged seven individuals and 15 companies with selling Auravie, Dellure, LéOR […]
OCC Supports Minority Depository Institutions, Deputy Comptroller Testifies
News Release 2019-137 | November 20, 2019 Share This Page: WASHINGTON—Deputy Comptroller for the Northeastern District Beverly Cole today described agency efforts to support minority depository institutions. Her remarks came during testimony before the Subcommittee on Consumer Protection and Financial Institutions of the House Committee on Financial Services. Related Links Media Contact Bryan Hubbard(202) 649-6870 Related […]
Counter ISIS Finance Group Leaders Issue Joint Statement
Global Coalition to Counter ISIS Holds Twelfth Finance Working Group Meeting in Luxembourg Luxembourg– On November 19 and 20, the Counter ISIS Finance Group (CIFG) convened its 56 member states and observers to discuss the ongoing global efforts to counter ISIS financing. This was the twelfth meeting of this group co-chaired by the United States, […]
IRS Advisory Council issues 2019 Annual Report
IR-2019-187, November 20, 2019 WASHINGTON — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2019, including recommendations to the IRS on new and continuing issues in tax administration. The IRSAC is a federal advisory committee that provides an organized public forum for discussion of relevant tax administration issues between IRS […]